75 James Street South | 108 m | 34 fl | Under Construction - Page 13

lachlanholmes · #1 Posted **Jul 1, 2022, 9:09 PM**

Quote:

Originally Posted by king10

Isnt cobalt rental apartments?

My understanding is one of the towers is a rental, and the other a condominium.

TheHonestMaple · #2 Posted **Jul 1, 2022, 10:30 PM**

Quote:

Originally Posted by lachlanholmes

My understanding is one of the towers is a rental, and the other a condominium.

Pretty sure that was the plan originally, but now it's all rentals.

HamiltonBoyInToronto · #3 Posted **Jun 30, 2022, 11:09 AM**

Yes... the only reason there are "pre-sales" is for financing... if the developer has their own financing why would they want to wait until they sell 75% to start construction ?

TheRitsman · #4 Posted **Jun 30, 2022, 2:14 PM**

It makes more sense in my mind for Louna to sell the units finished so they can make more money off them. They are going for max ROI for their pensioners, not for quick profits. Finished units sell for more.

TheRitsman · #5 Posted **Jul 7, 2022, 4:25 PM**

New render that shows more of the first floors since YMCA has been shifted to a park to allow a better view.

Innsertnamehere · #6 Posted **Jul 7, 2022, 7:16 PM**

Urban Solutions tweeted this photo:

https://twitter.com/UrbnSoHamilton/s...CmLmYJiJndu1eg

johnnyhamont · #7 Posted **Jul 12, 2022, 1:13 PM**

Quote:

Originally Posted by Innsertnamehere

Well this exposes the Connolly developer's lies about below-ground soil/ water conditions being to blame for their project's success. Those things can be overcome with competent planning and construction.

johnnyhamont · #8 Posted **Jul 12, 2022, 1:14 PM**

Quote:

Originally Posted by Innsertnamehere

Well this exposes the Connolly developer's lies about below-ground soil/ water conditions being to blame for their project's total lack of success. Those things can be overcome with competent planning and construction.

ScreamingViking · #9 Posted **Jul 12, 2022, 2:19 PM**

Quote:

Originally Posted by johnnyhamont

Well this exposes the Connolly developer's lies about below-ground soil/ water conditions being to blame for their project's total lack of success. Those things can be overcome with competent planning and construction.

This may only be kitty-corner but I imagine an underground stream could be a very localized issue that presents some mitigation challenges for specific sites. Doesn't make them insurmountable though.

But I think the Connolly delays are really something other than that. I wonder if Hue just doesn't place much importance on this, or that they're actually hoping to flip the site for a profit without the rigmarole of incorporating the church frontage. Perhaps they're not on solid financial footing.

King&James · #10 Posted **Jul 9, 2022, 8:50 PM**

https://www.instagram.com/p/Cfwxga4J...d=YmMyMTA2M2Y=

They have their own Instagram site...

lachlanholmes · #11 Posted **Jul 9, 2022, 10:55 PM**

Spotted this earlier today. “Coming soon” along with base pricing makes me think it might launch earlier than I had previously thought it would:

craftbeerdad · #12 Posted **Jul 11, 2022, 6:24 PM**

Well turns out their marketing people don't know the location of the development hah.

King & James? Main is even a slight stretch, but at least that's believable. Are they LeBron fans?

Innsertnamehere · #13 Posted **Jul 12, 2022, 5:33 PM**

I mean even LiUNA really struggled with groundwater issues at Cobalt, we all saw how ridiculously long it took them to get started on actual forming of the underground garage there. It's clearly an actual thing in Hamilton.

That said, I agree that the Connolly is just an incompetent developer who doesn't know enough about what they are doing and/or doesn't have adequate access to capital to make it happen.